Venture Visionary Partners LLC Buys Shares of 61,064 ODDITY Tech Ltd. $ODD

Venture Visionary Partners LLC bought a new stake in ODDITY Tech Ltd. (NASDAQ:ODD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 61,064 shares of the company’s stock, valued at approximately $2,454,000. Venture Visionary Partners LLC owned 0.11% of ODDITY Tech as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ODD. Wexford Capital LP purchased a new stake in ODDITY Tech in the third quarter valued at $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of ODDITY Tech by 134.8% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,134 shares of the company’s stock valued at $69,000 after buying an additional 651 shares in the last quarter. Legal & General Group Plc acquired a new stake in shares of ODDITY Tech in the second quarter valued at $71,000. Headlands Technologies LLC acquired a new stake in shares of ODDITY Tech in the second quarter valued at $108,000. Finally, Wolff Wiese Magana LLC grew its stake in shares of ODDITY Tech by 2,435.3% in the fourth quarter. Wolff Wiese Magana LLC now owns 2,941 shares of the company’s stock valued at $118,000 after buying an additional 2,825 shares in the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Insider Buying and Selling

In related news, CFO Mann Lindsay Drucker sold 9,604 shares of the business’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $12.85, for a total transaction of $123,411.40. Following the completion of the transaction, the chief financial officer directly owned 49,054 shares of the company’s stock, valued at $630,343.90. The trade was a 16.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 28,807 shares of company stock worth $402,428.

Wall Street Analyst Weigh In

ODD has been the subject of a number of research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $16.00 price objective (down from $59.00) on shares of ODDITY Tech in a research note on Thursday, February 26th. Bank of America cut ODDITY Tech from a “buy” rating to an “underperform” rating and set a $10.00 price objective for the company. in a research note on Thursday, February 26th. The Goldman Sachs Group cut ODDITY Tech from a “hold” rating to a “sell” rating and dropped their price objective for the company from $16.00 to $8.00 in a research note on Wednesday, June 3rd. Barclays dropped their price objective on ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating for the company in a research note on Wednesday, June 3rd. Finally, Morgan Stanley dropped their price objective on ODDITY Tech from $16.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 3rd. Nine research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $25.39.

ODDITY Tech Trading Down 1.4%

ODD opened at $11.56 on Tuesday. ODDITY Tech Ltd. has a 12 month low of $9.25 and a 12 month high of $77.83. The stock has a market capitalization of $665.62 million, a price-to-earnings ratio of 14.63 and a beta of 2.48. The company has a debt-to-equity ratio of 1.96, a current ratio of 4.06 and a quick ratio of 2.86. The business has a fifty day moving average price of $13.38 and a 200 day moving average price of $24.23.

ODDITY Tech (NASDAQ:ODD) last released its earnings results on Tuesday, June 2nd. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.13). ODDITY Tech had a return on equity of 15.38% and a net margin of 6.97%.The company had revenue of $197.94 million for the quarter, compared to analyst estimates of $187.87 million. During the same period in the previous year, the firm earned $0.69 earnings per share. The company’s revenue for the quarter was down 26.2% compared to the same quarter last year. Sell-side analysts expect that ODDITY Tech Ltd. will post -0.46 earnings per share for the current fiscal year.

ODDITY Tech Company Profile

Oddity Tech Ltd. operates as a consumer tech company that builds digital-first brands for the beauty and wellness industries in the United States and internationally. It serves consumers worldwide through its AI-driven online platform, which uses data science, machine learning, and computer vision capabilities to identify consumer needs, and develop solutions in the form of beauty and wellness products. The company sells beauty, hair, and skin products under the IL MAKIAGE and SpoiledChild brands.